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Car and Auto News

Tuesday
14-Feb-2012

Expert panel suggests hike in diesel price in India

The expert panel comprised representatives of the Department of Heavy Industries, the Auto Component Manufacturers Association, the Planning Commission, the National Manufacturing Competitiveness Council and the Society of Indian Automobile Manufacturers (SIAM). According to a government official, an increase in the diesel price by Rs. 0.75...
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Monday
13-Feb-2012

Small car market share falls in India

The latest trends in the automobile industry indicate a change in preferences of the Indian customers with a fall in the market share of the small car segment in 2011. The market share of the segment fell below 50 percent and has proven to be the dullest. The entry compact segment has a number of cars such as the Tata Nano, Maruti Suzuki Alto and...
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Saturday
11-Feb-2012

Car buyers unlikely to benefit from localized production of luxury cars

After the hike in the import duty on completely knocked down units or pre-assembled cars from 10 percent to 30 percent by the Indian government in 2010-11 annual budget, automobile manufacturers have been scouring options and alternatives to the same. The carmakers are looking for options of local manufacturing of premium or costly cars to benefit...
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Saturday
11-Feb-2012

Mahindra and Bank of India join hands for cars loans

Mahindra & Mahindra has joined hands with Bank of India and signed a memorandum of understanding namely a Preferred Financier agreement with the 106 year old bank. The tie-up includes the terms that the customers of Mahindra & Mahindra may avail various vehicle insurance services and products at any branch of Bank of India across the country. At...
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Saturday
11-Feb-2012

Customer wins harassment case against Ford India

Ford India lost a case to a customer Mr. N Ranganathan who filed a case against the company on the grounds of harassment by the company caused due to frequent breakdown of the car and has been ordered to pay the customer a sum of Rs. 75,000. According to Justice Mr. Barkat Ali Zaidi President of the Delhi Consumer Commission, the vehicle in...
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Saturday
11-Feb-2012

Bangladesh distributer eyes Nano assembly unit

Nitol Group, the distributer for Tata Motors in Bangladesh is planning to negotiate with Tata Motors for an assembly plant for the small car Nano which will be launched in Bangladesh in February 2012. As of now, the Nitol Group will be importing and selling the Nano in the country. Mr. Abdul Matlub Ahmed, Chairman of Nitol Group states that the...
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Friday
10-Feb-2012

Maruti Suzuki workers demand double digit pay hike

Maruti Suzuki India’s workers at the company’s Gurgaon facility have demanded a double digit pay hike through the Gurgaon plant workers’ union which consists of 3,000 permanent employees. The last hike in pay for the workers which was seen in 2009 was an increase of about 5-6 percent. The discussions have already begun between the management and...
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Friday
10-Feb-2012

Tata Motors to enter Indonesia with Ace range

Tata Motors is viewing the Indonesian auto market to enter with its Ace range of light commercial vehicles. The company will start by assembling the Ace in Indonesia which it refers to as a replica of the Indian market. According to Mr. P. M. Telang, Managing Director (India Operations) Tata Motors, Ace would the first model assembled in Indonesia...
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Friday
10-Feb-2012

Tata Motors hikes passenger car prices

Tata Motors has increased the prices by Rs. 7,000 to Rs. 12,000 across its passenger car portfolio with the exception of the Nano and the crossover Aria. The increase in prices by the company is a measure to reduce the impact of high input costs and thus the burden has been shared with the customers. Most of the car manufacturing companies in...
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Thursday
09-Feb-2012

Mahindra terms addition tax on diesel cars to be retrograde

Mahindra and Mahindra (M&M) has joined the campaign against the proposed additional tax on diesel cars stating that such an action would be a retrograde one for the Indian automobile industry. Drawing attention to the industry slowdown in 2011 from which various automobile manufacturers are still trying to recover, Mr. Pawan Goenka M&M President...
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